Common use of Alternate Lending Office Designation Clause in Contracts

Alternate Lending Office Designation. Each Bank agrees that it will endeavor to use reasonable efforts to designate an alternate Lending Office with respect to any LIBOR Loans affected by the matters or circumstances described in any of Sections 9.1, 9.2 and 9.3 to reduce the liability of Borrower or avoid the results provided thereunder, so long as such designation is not disadvantageous to such Bank as determined by it in its sole discretion; provided, however, no Bank shall have any obligation to so designate an alternate Lending Office located in the United States of America.

Appears in 3 contracts

Samples: Credit Agreement (Billing Information Concepts Corp), Credit Agreement (Hastings Entertainment Inc), Credit Agreement (Hastings Entertainment Inc)

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Alternate Lending Office Designation. Each Bank agrees that it will endeavor to use reasonable efforts to designate an alternate Lending Office with respect to any LIBOR Loans affected by the matters or circumstances described in any of Sections SECTIONS 9.1, 9.2 and 9.3 to reduce the liability of Borrower or avoid the results provided thereunder, so long as such designation is not disadvantageous to such Bank as determined by it in its sole discretion; provided, however, no Bank shall have any obligation to so designate an alternate Lending Office located in the United States of America.. ARTICLE 10

Appears in 1 contract

Samples: Credit Agreement (Packaged Ice Inc)

Alternate Lending Office Designation. Each Bank agrees that it will endeavor to use reasonable efforts to designate an alternate Lending Office with respect to any LIBOR Loans affected by the matters or circumstances described in any of Sections 9.1, 9.2 and 9.3 to reduce the liability of each Borrower or avoid the results provided thereunder, so long as such designation is not disadvantageous to such Bank as determined by it in its sole discretion; provided, however, no Bank shall have any obligation to so designate an alternate Lending Office located in the United States of America.

Appears in 1 contract

Samples: Credit Agreement (Lancer Corp /Tx/)

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Alternate Lending Office Designation. Each Bank agrees that it will endeavor to use reasonable efforts to designate an alternate Lending Office with respect to any LIBOR Loans affected by the matters or circumstances described in any of Sections 9.1, 9.2 and 9.3 to reduce the liability of each Borrower or avoid the results provided thereunder, so long as such designation is not disadvantageous to such Bank as determined by it in its sole discretion; provided, however, no Bank shall have any obligation to so designate an alternate Lending Office located in the United States of America.

Appears in 1 contract

Samples: Credit Agreement (Lancer Corp /Tx/)

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